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Technology Stocks : Ask Jeeves,Inc-(Nasdaq-ASKJ)
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To: Ty Morgan who wrote (203)1/13/2000 1:16:00 PM
From: WallStreetTips  Read Replies (1) of 838
 
ASKJ >> STRONG BUY @$88 >> 12 month target $200

I am heavily accumulating shares of ASKJ around $90. ASKJ hit my target price of $90. My last post I had mentioned that ASKJ will drop to around $90 after 180 days lockup end. I feel that at today's price ASKJ is a very attractive buy for investors with long term investment objective. ASKJ has been constantly adding new customers and is increasing its popularity worldwide. Looking to many recent developments and future prospects that ASKJ has, I feel very comfortable buying the stock going forward.
Being a high tech Nasdaq stock it may continue to be very volatile but for investors with long term investment objective ASKJ should provide nice returns. I am 100% sure that we should hear split from ASKJ management in the current year. ASKJ is going to launch services that will make it a global company. I rate ASKJ as STRONG BUY and have set a 12 month target price of $200.

Just my views

Here is my last post for your ready reference:

To: Don Green who wrote (189)
From: WallStreetTips Friday, Dec 3, 1999 3:07 PM ET
Reply # of 218

ASKJ >>> Near term target $90 - $105

I sold all ASKJ holding after finding out that the initial 6 month lock up ends pretty soon. Also early lifting of lockup restrictions on 1.5 Mill shares on 7th makes me wonder of why that is done. It is quiet unusual move and makes me judge that Morgan Stanley Dean Witter (Lead Manager to Issue) feels the stock is fully priced. They might want to take their hefty profits before rest of the management gets to sell later. I decided to sell and stay until clouds clear out. I started buying around $115 and then today in just 2 days the stock saw $144. I will be buying back once I see ASKJ at attractive buying levels. I still have my bullish views on ASKJ with Strong Buy for long term.

Just my views.
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